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Formation of 2 Committees named Steering Committee and another Committee for facilitating implementation of GST from 1.4.2016. Goods and Services Tax Network (GSTN) is taking steps for preparing the IT infrastructure for roll out of GST.

Dated:- 17-6-2015 - Finance Minister has approved the formation of 2 Committees for facilitating implementation of Goods and Services Tax from 1.4.2016. A Steering Committee been formed under the Co-Chairmanship of Additional Secretary, Department of Revenue and Member Secretary, Empowered Committee of State Finance Ministers. This Committee has Members from Department of Revenue, Central Board of Excise & Customs, Goods and Services Tax Network (GSTN) and representatives of State Government .....

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ance to recommend possible tax rates under GST that would be consistent with the present level of revenue collection of Centre and States. While making recommendations, this Committee would take into account expected levels of growth of economy, different levels of compliance and broadening of tax base under GST. The Committee would also analyse the Sector-wise and State-wise impact of GST on the economy. The Committee is expected to give its report within two months. Meanwhile, progress is unde .....

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